Reply #16: Secrecy abounds [View All]

[susu369]

J.C. Flowers, and the Chinese sovereign wealth fund China Investment Co. are mulling a joint bid for Lehman Brothers (LEH:Lehman Brothers Holdings Inc)
the Financial Times reported on its Web site Friday. The Bank of America-led group is among those considering an investment in Lehman, the newspaper said. The U.K. Bank, Barclays, is also another potential suitor, according to the FT. A J.C. Flowers representative declined to comment when contacted by MarketWatch.

http://www.marketwatch.com/news/story/bofa-jc-flowers-chinese-fund/story.aspx?guid=%7BFEAEB539-3FE2-42CD-95D6-159EE4028997%7D&dist=msr_9

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However, this story is interesting:

http://money.cnn.com/news/newsfeeds/articles/djf500/200809122213DOWJONESDJONLINE000823_FORTUNE5.htm

SINGAPORE -(Dow Jones)- A senior executive at China Investment Corp. said Saturday he's unaware of any talks about CIC buying a stake in Lehman Brothers Holdings Inc. (LEH).

"Sorry, I haven't heard this," Jesse Wang, CIC Executive Vice President and Chief Risk Officer, told Dow Jones Newswires when asked whether the CIC was looking into buying a stake into Lehman.